Leasing a car with an LLC

[jeisensc]

@CarRhino

but curious about any hacker thoughts regarding leasing a car with a newly created LLC

Been discussed at least twice:

Leasing/Buyin under an LLC or INC

Hi there, have anyone being able to lease/buy under an LLC or INC by itself without putting yourself as a guarantor? I have dealt in the past with Lexus, VW, Porsche, Audi and currently Toyota where I have my cars under my company but they have always asked me to be a guarantor. Las week while I was at a Jeep dealership in Miami servicing my Wrangler I met with a friend that currently drives a Charger Hellcat and he told me he was able to lease his under his INC company, dealer did not even as…

Lease under business

I’m seriously considering leasing one of my next vehicles through my business rather than take the lease personally. To those in the industry, what’s the process to get this done? Holder will likely be Ally or Chry Financial if this makes any difference.

Yes: you have to be a personal guarantor, and likely the MF/insurance will be higher than as you personally. If you don’t want to be a guarantor, you need at least 2 years audited financials for the captives that allow that.

@CarRhino

I see many advantages such as plate readers popping up LLC names versus personal

Depends if you have a one-member LLC (which the IRS treats as a Sole Proprietorship anyway), or nested shell companies. Yes the LLC will pop up, but the LLC ownership is public record from the Secretary of State’s office wherever you’ve registered. It doesn’t make you anonymous, it adds one layer of obfuscation.